Hi All,
Just learning day by day. Special mention to Bluesteele and Timetells. They have really helped me with charts and explanations so if in doubt reach out to them. For me it takes time to understand and with charts i tend to absorb better. I am still an amateur but i believe i am going in the right direction. I only have few setups that i look for and at specific times. At times only have 3 to 5 trades a week. Timetells mostly trades Asia so i get lots of info about GBP/JPY from him. Bluesteele trades US equity market times and he guided me about RNs and Equity times. Two things that never change. I mostly trade London session due to time constraints. I know the struggle and we all want to look for holy grail. There is none cos, there are many ways to trade and if it makes u profit at the end of the week then its all good. The problem with me was and still is reading market live and seeing setups. Thats the reason its good to trade 2 or 3 pairs. Patience is the key. Understand 2 or 3 setups and only trade if it satisfies ALL ur criteria. Hard but it helps. Don't be trigger happy. Everday i see most setups about 1 or 2 hours late. I only trade those that i see live. The hard part is to stop urself from getting in late. Stay away from that urge. Markets will give u opportunity again. I was looking at the GBP/JPY chart today. Notes are on the chart. The day i become a fulltime trader, Asia will be my session to trade. @Timetells @Bluesteele if u guys could check out the chart and add anything regarding my test trade in Asia market. Its still inside previous days H & L so small profit target. As i write the market has reversed after reaching the target. I do know that Stacey Burke says wait for markets to form on Mondays or atleast when H & L is broken. Its just a learning process for me, trying to now identify Hs & Ls within a session or inside previuos days H & L.
Just learning day by day. Special mention to Bluesteele and Timetells. They have really helped me with charts and explanations so if in doubt reach out to them. For me it takes time to understand and with charts i tend to absorb better. I am still an amateur but i believe i am going in the right direction. I only have few setups that i look for and at specific times. At times only have 3 to 5 trades a week. Timetells mostly trades Asia so i get lots of info about GBP/JPY from him. Bluesteele trades US equity market times and he guided me about RNs and Equity times. Two things that never change. I mostly trade London session due to time constraints. I know the struggle and we all want to look for holy grail. There is none cos, there are many ways to trade and if it makes u profit at the end of the week then its all good. The problem with me was and still is reading market live and seeing setups. Thats the reason its good to trade 2 or 3 pairs. Patience is the key. Understand 2 or 3 setups and only trade if it satisfies ALL ur criteria. Hard but it helps. Don't be trigger happy. Everday i see most setups about 1 or 2 hours late. I only trade those that i see live. The hard part is to stop urself from getting in late. Stay away from that urge. Markets will give u opportunity again. I was looking at the GBP/JPY chart today. Notes are on the chart. The day i become a fulltime trader, Asia will be my session to trade. @Timetells @Bluesteele if u guys could check out the chart and add anything regarding my test trade in Asia market. Its still inside previous days H & L so small profit target. As i write the market has reversed after reaching the target. I do know that Stacey Burke says wait for markets to form on Mondays or atleast when H & L is broken. Its just a learning process for me, trying to now identify Hs & Ls within a session or inside previuos days H & L.
Attached Image (click to enlarge)
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Saw your post and thought id share how I approach.... I mainly am a intraday trader..Im in and out either in the session im trading or by EOD NY... with that said Im normally not going on any Fundamental Bias... Sometimes I will have a larger TF technical bias...and I execute on the 1m and 5m charts... With that said... ASIA was a simple straightfwd short setup..3 session push London NY ASIA...price is above my 100 pip box....and wheres the normal stophunts.. 25-50 pips above/below the 100 pip box... we have...
